financial fraud

“Smishy” the digital pirate is scheming and scamming through oceans of personal and financial data, taking doubloons and medallions along the way. Like real-world scammers, this sneaky buccaneer texts and calls people falsely claiming to represent a financial institution in the hopes of stealing personal information and funds.

As advancements in banking technology continue, so does the potential for financial fraud. It’s never too late to protect your financial security. Regular reviews of personal credit history and double checking past transactions is a great place to start.

CARSON CITY, Nev. — As social restrictions continue in support of public health, risks associated with isolation permeate among the aging population. According to a Wells Fargo study conducted by The Harris Poll from Nov. 17-19 , a quarter (25%) of all seniors age 60 and above report feeling isolated and lonely, and over a third (43%) can go days without talking to others and spend most of their time alone.

CARSON CITY — A 62-year-old Douglas County woman was sentenced by Second Judicial District Court Judge James Todd Russell to 30-96 months in prison, and ordered to pay full restitution of more than $264,000 in a case that involved stealing money from her elderly father.

Earlier this week, we were all 'Singing in the Rain,' but tonight the talented kids of Youth Theater Carson City open up the entertaining musical on the Carson City Community Center's stage. New eatery, Bella Vita Bistro in the Carson Mall, brings local singer, Dougie L in to entertain the dinner crowd. Funnyman, Joshua Fonokalafi, headlines at Carson Comedy inside the Nugget; get there early for dinner and drinks and make it a date night. Read on for even more Friday happenings.

FRIDAY, Jan. 12: Things to do in Carson City

Carson City Nevada Triad presents Phishing the Bermuda Triangle, a presentation on how to protect yourself from financial fraud, identify cues and clues of potentially fraudulent situations and how to avoid them at the Carson City Senior Center, 911 Beverly Drive, Friday, Jan. 12, at 11:45 a.m.

The Interim Finance Committee on Thursday approved spending nearly $1.3 million a year for the next five years to create a new financial fraud unit within the Attorney General’s Office.Attorney Genera ...

A new study from the Stanford Center on Longevity found that anger and excitement — known as “high arousal” emotions — can lead to risky decision making, especially for older folks.

Many elderly are victims of financial fraud. The Federal Trade Commission estimated that in 2011, 7.3 percent of adults aged 65 to 74 were victims of financial fraud.

In a survey by the National Association of Professional Geriatric Care Managers, "71 percent of care managers surveyed said financial abuse and/or exploitation of the elderly is a growing problem."

It seems about 1 in 5 folks age 65 or older have been victimized by financial fraud. The National Council on Aging said "over 90 percent of reported elder abuse is committed by the older person's own family members."

The Federal Trade Commission say scams against the elderly are increasing. You have heard about the telephone calls “your grandchild is in trouble, send money now” that are not true.

But it is not only the telephone scams of various types to be concerned about. Family members account for nearly 60 percent of the cases of senior financial exploitation. Friends, neighbors and paid home care aides also can be involved in scams.

The Federal Trade Commission say scams against the elderly are increasing. You have heard about the telephone calls “your grandchild is in trouble, send money now” that are not true.

But it is not only the telephone scams of various types to be concerned about. Family members account for nearly 60 percent of the cases of senior financial exploitation. Friends, neighbors and paid home care aides also can be involved in scams.

CARSON CITY – A behavioral health company based in Las Vegas was fined $125,000 today in a Medicaid fraud case involving the failure to maintain adequate records to support Medicaid claims.

Rainbow Child and Family Services was sentenced for one gross misdemeanor offense of intentional failure to maintain adequate records by Clark County District Judge Valerie Adair and ordered to pay the $125,000 in restitution, penalties, and costs.

CARSON CITY – Nevada Attorney General Catherine Cortez Masto announced today that Aurora Volero-Alvarez, 61, of Las Vegas, has been sentenced in a Medicaid fraud case involving the false reporting of personal care services.

CARSON CITY – Marcia Giller, 76, of Reno, has been sentenced to prison for two felony offenses of submitting false Medicaid claims, the Attorney General’s office announced this week.

Washoe County District Judge Steven Kosach sentenced Giller on Tuesday to 18 to 48 months imprisonment for each count, to be served consecutively, and additionally ordered Giller to pay $226,000 in restitution, penalties and costs.

(U.S. Department of Justice Press Release)
WASHINGTON – Teresa Kelly, a former operations supervisor in Colonial Bank’s Mortgage Warehouse Lending Division (MWLD), pleaded guilty today to conspiring to commit bank, wire and securities fraud for her role in a fraud scheme that contributed to the failures of Colonial Bank and Taylor, Bean & Whitaker (TBW).

Colonial Bank had a branch on Stewart Street in Carson City, that now sits vacant.